Glasgow shopping centre bought by investors for 'undisclosed sum'

M Core, a leading commercial property and investment collective, have purchased the Princes Square retail development which features four self-contained retail units along Buchanan Street and an inner mall spread across five levels. 

Occupants of the shopping centre include Levi's, Michael Kors, Sweaty Betty and Everyman Cinema. 

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LCP, part of M Core, has been appointed to manage Princes Square.

James Buchanan, LCP Group managing director, said: "The acquisition of Princes Square is a fitting start to 2024.

"Situated in the heart of Glasgow, it boasts significant retail, food, and leisure brands.

"With our proven track record in focused investment and intensive asset management, we are poised to capitalise on market opportunities, enhance value, and provide excellent offerings for our tenants."

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Roddy Proudfoot, LCP director, head of Scotland office, said: "Buchanan Street is a renowned retail and leisure destination with an annual footfall exceeding 52 million, and offers significant potential.

"We are already engaged in discussions with high profile potential retail and restaurant occupiers, including new entrants to the Glasgow market, and look forward to making announcements in the coming weeks."

The five-storey Grade B listed building dates back to the 1840s and was recognised in 2016 as Scotland's best building of the last century by the Royal Incorporation of Architects in Scotland

Princes Square has been contacted for comment. 

Princes Square is located at 48 Buchanan Street.